BENSALEM, Pa.--(BUSINESS WIRE)--Law
Offices of Howard G. Smith announces an investigation on behalf of
investors of Exxon Mobile Corporation (“Exxon” or the “Company”)
(NASDAQ: XOM)
concerning the Company and its officers’ possible violations of federal
securities laws.

On October 28, 2016, Exxon announced that the Company could potentially
have to write down almost 20% of its oil and gas assets including 3.6
billion barrels of oil and sand reserves as well as 1 billion barrels of
additional North American reserves. The Company also disclosed certain
environmental risks and liabilities caused by global warming and climate
change; and that Exxon had employed an inaccurate “price of carbon” –
the cost of regulations such as a carbon tax or a cap-and-trade system
to push down emissions – in evaluating the value of certain of its
future oil and gas prospects in order to keep the value of its reserves
materially overstated

On this news, Exxon's share price fell nearly 3%, to close
at $84.78 on October 28, 2016.

If you purchased Exxon securities, have information or would like to
learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.